Citigroup Initiates Coverage On Solid Biosciences with Buy Rating, Announces Price Target of $16
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst David Hoang has initiated coverage on Solid Biosciences (NASDAQ:SLDB) with a Buy rating and set a price target of $16. This new coverage could influence investor sentiment and potentially impact SLDB's stock price in the short term.

March 15, 2024 | 2:57 pm
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Citigroup analyst David Hoang has initiated coverage on Solid Biosciences with a Buy rating and a price target of $16, potentially impacting investor sentiment and SLDB's stock price positively in the short term.
Analyst ratings, especially from reputable financial institutions like Citigroup, can significantly influence investor sentiment and stock prices. The initiation of coverage with a Buy rating and a relatively high price target suggests a positive outlook for Solid Biosciences, which could lead to increased investor interest and a potential rise in SLDB's stock price in the short term.
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